Will step up support measures
Fundamental Forex Analysis

Surplus – a big beat as imports plunge 16.7%

The China customs published Trade Balance for May in USD terms, reporting a bigger-than-expected increase in the trade surplus amid a sharp plunge in the imports. In USD terms, Trade Balance (USD) came in at +6...

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Fundamental Forex Analysis

German Factory Orders plunge 25.8% MoM in April vs. -19.7% exp, EUR/USD unfazed

German Factory Orders plunged by 25.8% MoM in April. On a yearly basis, Germany’s Factory Orders plummet 36.6% in April. EUR/USD shrugs off devastating German Factory data. The German Factory Orders collapsed ...

UK Retail Sales arrive at 0.0% MoM in Feb vs. +0.2% expected, GBP/USD unmoved
Forex News

UK retail sales plunge 19% in April due to coronavirus lockdown – BRC

The British Retail Consortium (BRC) survey showed on Wednesday, the UK consumer spending fell by 20% in April, in the wake of the coronavirus pandemic led social and economic lockdown. Key findings “The BRC mem...

NZ announces ban of indoor gatherings of more than 100 people, Kiwi bleeds
Forex News

Total exports plunge by 8.0% YoY while imports rise 3.5% between Feb 1 – May 6

Statistics New Zealand (Stats NZ) is out with its provisional trade data for the period between February 1 and May 6 to better reflect the coronavirus impact on the economy. Key details Total exports to all co...

Indonesia's Retail Sales plunge by 4.5% YoY in March, Rupiah off five-day top
Fundamental Forex Analysis

Indonesia’s Retail Sales plunge by 4.5% YoY in March, Rupiah off five-day top

Indonesia’s Retail Sales plunged by 4.5% on the year in March vs. a 0.8% drop seen in February, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday. This w...

Non-Farm Payrolls to see a fall of 24 mln in April – Goldman Sachs
Fundamental Forex Analysis

US economy to see steepest plunge in payrolls since Great Depression – Reuters survey

The US economy is likely to see the steepest plunge in payrolls since the Great Depression in April, in the face of the coronavirus outbreak and its devastating impact on the country’s labor market, the latest ...

Trade deficit expands to $1.4 billion in March vs. $2 billion expected
Forex News

Trade flows plunge in March – BMO

Canadian trade flows plunged lower in March as both goods exports (-4.7%) and imports (-3.5%) fell sharply already in March, per the Bank of Montreal. USD/CAD is trading at 1.4018. Key quotes “Canada’s me...

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Fundamental Forex Analysis

German Retail Sales plunge 5.6% MoM in March vs. -7.3% expected, EUR/USD unmoved

German Retail Sales plunged 5.6% MoM in Mar vs. -7.3% expected. Retail Sales dropped 2.8% YoY in Mar vs. +1.5% expected. According to the latest data reported by Germany’s Destatis on Thursday, the country’s...

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Fundamental Forex Analysis

China’s Industrial Profits plunge 34.9% YoY in March, Aussie unfazed

The latest data published by China’s National Bureau of Statistics (NBS) showed on Monday that profits earnt by China’s industrial firms in March plummeted 34.9% YoY to 370.668billion yuan due to the economic f...

Forex News

AUD/USD: Set for another plunge down under

The thrill is gone as the AUD/USD’s sugar rush faded out. As COVID-19 continues spreading around the world, the risk-off sentiment is weighing on the Aussie. Yohay Elam from NDDFX analyzes the AUD/USD out...